Funding arb · Price arb /

POPCAT

all POPCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.214%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2262.262% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.214%, 7d avg −0.060%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.155% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POPCAT_USDT	0.05596	0.0100	pay 0.0050% / 4h	1h 59m	$447K	$635K	50x
Short	Bybit POPCATUSDT	0.05584	0.0100	get 0.0050% / 4h	1h 59m	$8.8M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.060%: −$15.48
Slippage, 4 orders: −$200.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$241.63
Costs to cover: 2.262%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	9.82 bp	80.6 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.37 bp	25.3 bp −$25	95.1 bp −$951	doesn't fit	doesn't fit

POPCAT on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective POPCAT/USDC PERP	−0.5000%	1h	0.05524	−1.287%	$3K	$2K	5.5x	as long as short
Reya POPCATRUSDPERP	−0.0228%	1h	0.05593	−0.062%	$1	—	10x	as long as short
Variational Omni POPCAT	−0.0024%	4h	0.05584	−0.223%	$506K	$161K	—	as long as short
Lighter POPCAT	+0.0096%	1h	0.05595	−0.018%	$100K	$51K	10x	as long as short
Binance POPCATUSDT	+0.0100%	4h	0.05599	+0.054%	$2.3M	$6.8M	50x	as long as short
Bybit POPCATUSDTshort	+0.0100%	4h	0.05584	−0.214%	$8.8M	$6.3M	50x
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05590	−0.107%	$690K	$1.5M	20x	as long as short
Gate POPCAT_USDTlong	+0.0100%	4h	0.05596	long leg	$447K	$635K	50x
MEXC POPCAT_USDT	+0.0100%	4h	0.05597	+0.018%	$1.8M	$951K	200x	as long as short
KuCoin POPCATUSDTM	+0.0100%	4h	0.05594	−0.036%	$1.1M	$988K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget POPCATUSDT	+0.0100%	4h	0.05595	−0.018%	$1.2M	$932K	50x	as long as short
BingX POPCAT-USDC	+0.0100%	4h	0.05589	−0.125%	—	$1.6M	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05607	+0.196%	$246K	$496K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05590	−0.107%	$22K	$652K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05594	−0.028%	$96K	$525K	10x	as long as short
Kraken Futures PF_POPCATUSD	+0.0637%	1h	0.05593	−0.057%	$149K	$146K	20x	as long as short
Hyperliquid POPCAT	+0.1271%	1h	0.05605	+0.159%	$2.6M	$1.0M	3x	as long as short